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As Troubled Western Luxury Brands Cry ‘Blame China,’ We Look Deeper
Apple follows Tiffany & Co., LVMH, and Richemont as firms that since October have specifically invoked problems in China’s economy for their lower-than-expected results or growth forecasts. Read MoreVideo: Demand For (Some) Luxury Brands Holding Up In China
As the year starts to draw to a close, and major gifting periods like Chinese New Year approach, is the worst of the luxury slowdown over? Read MoreReport: China To Lead Luxury Demand “For Years To Come”
According to a new report by CLSA Asia-Pacific Markets, though the overall growth rate of the Chinese market should slow this year, “Wealthy individuals won’t slow down their spending.” Read More“More Losers Than Winners” Expected In Chinese Luxury Market (Video)
China's geographically, culturally, and demographically fragmented nature often leads luxury brands to make fundamental mistakes that could imperil their future prospects. Read More